The Portion of a Corporation's Net Income That Is Paid

question 39

Multiple Choice

The portion of a corporation's net income that is paid out to the stockholders, instead of being retained in the business, is referred to as:

• A) gross income.
• B) earnings before interest and taxes.
• C) interest expense.
• D) dividends.

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Definitions:

Contributory Negligence

A legal doctrine that can reduce the plaintiff's damages if they are found to have contributed to their own harm, even partially.

Strict Liability

A legal doctrine holding an individual or entity responsible for damages or harm caused by their actions or products, regardless of fault or intent.

Defenses Available

A rewording of legal strategies or claims that can be used by a defendant to reduce liability or dismiss a lawsuit.

Strict Liability

Refers to legal responsibility for damages or injury, even if the person found strictly liable was not at fault or negligent.